Many homeowners in Ashland and across Hanover County never hear the words “flood insurance” at closing. If a property isn’t in a high-risk flood zone, most lenders don’t require it. That can leave the impression that flooding isn’t a real concern. According to FEMA, though, a significant share of flood insurance claims come from properties outside high-risk flood areas.<\/p>\n
| Zone Type<\/th>\n | What It Generally Means<\/th>\n | Lender Requirement<\/th>\n<\/tr>\n<\/thead>\n |
|---|---|---|
| High-risk zones, such as A and AE<\/td>\n | Higher chance of flooding, as shown on FEMA maps<\/td>\n | Often required for federally backed mortgages<\/td>\n<\/tr>\n |
| Moderate- to low-risk zones, such as X<\/td>\n | Lower mapped risk, but flooding can still happen<\/td>\n | Usually not required<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nYour Questions, Answered<\/h2>\n |